Stocks extend losing streak for 5th day

Stocks extended losing streak for the fifth straight sessions today (Wednesday) as investors remained cautious. The market opened with a positive note, but could not sustain as the session progressed. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down further by 32.21 points or 0.71 per cent to settle at 4,457.24. The two other indices also closed in the red. The DS30 index, comprising blue chips, lost 16.17 points or 0.93 per cent to close at 1,717.04. The DSE Shariah Index (DSES), moved down by 7.59 points or 0.69 per cent to end at 1,092.22. DSE turnover dipped below Tk 4.0 billion-mark again and amounted to Tk 3.72 billion, registering a decline of 14.28 per cent over the previous day’s Tk 4.34 billion. The losers took a modest lead over the gainers as out of 315 issues traded, 160 declined, 114 advanced and 41 remained unchanged. Beximco Pharma was the day’s top turnover leader with shares worth Tk
193 million changing hands followed by IFAD Autos, Lafarge Surma Cement, Square Pharma and GP. AIMS First Mutual Fund was the day’s top gainer, posting a rise of 9.96 per cent while Asia Insurance was the worst loser, plunging by 9.77 per cent. The port city bourse Chittagong Stock Exchange (CSE) also ended lower with its Selective Categories Index – CSCX – lost 48.17 points to close at 8,372.32 points. Losers beat gainers 135 to 62, with 36 issues remaining unchanged at the port city bourse that traded 10.15 million shares and mutual fund units with turnover of Tk 299 million.